Real Estate Management & Development Real Estate Services

  • LONDON, July 20- Britain's June 23 referendum decision to leave the European Union has had far-reaching consequences for the world's economy, businesses, investors and politics. Investment demand for British commercial property dropped by the largest amount on record after the vote, the Royal Institution of Chartered Surveyors says. IMPORTANT DATES AHEAD:-...

  • LONDON, July 21- Investment demand for British commercial property dropped by the largest amount on record after last month's vote to leave the European, according to a survey from the Royal Institution of Chartered Surveyors on Thursday. The survey will be of interest to Bank of England policymakers. "Political and economic uncertainty in the aftermath of the...

  • NEW YORK, July 19- Office leasing activity in Manhattan remains strong but tell-tale signs- such as rising landlord concessions and companies that renew contracts rather than take new space- indicate a market in correction, realtor Cushman& Wakefield said Tuesday. Yet the vacancy rate in Midtown was high at 9.2 percent, the sublease market was not active while...

  • NEW YORK/ ORLANDO, Fla., June 30- In sunny central Florida, some 4,400 miles across the Atlantic from London, real estate broker Paul Torola is already sensing a chill from Britain's decision last week to leave the European Union. In the days since the June 23 "Brexit" vote that has rattled global financial markets and sent the British pound to 31- year lows, Torola has...

  • NEW YORK/ ORLANDO, Fla., June 30- In sunny central Florida, some 4,400 miles across the Atlantic from London, real estate broker Paul Torola is already sensing a chill from Britain's decision last week to leave the European Union. In the days since the June 23 "Brexit" vote that has rattled global financial markets and sent the British pound to 31- year lows, Torola has...

  • VANCOUVER, June 28- British Columbia's real estate agents and brokerages should be fined dramatically more than they currently are for misconduct and face more stringent regulatory oversight, an advisory board recommended on Tuesday. Housing prices have skyrocketed in British Columbia, jumping 30 percent in Greater Vancouver over the last year, prompting...

  • *Money flowing into cities in China's east. A recovery since late last year in China's property market has provided a rare bright spot for an economy that is slowing rapidly, but some cities are showing signs of overheating. They also rose more than 20 percent in Nanjing and were up 28 percent in Xiamen, cities also in the east.

  • The National Association of Realtors said on Wednesday existing home sales increased 1.8 percent to an annual rate of 5.53 million units last month, the highest level since February 2007. "The economy can't be going too far off course when home buying is picking up," said Chris Rupkey, chief economist at MUFG Union Bank in New York. U.S. financial markets were little...

  • WASHINGTON, June 22- U.S. home resales rose in May to a more than nine-year high as improving supply increased choice for buyers, suggesting the economy remains on solid footing despite a sharp slowdown in job growth last month. The National Association of Realtors said on Wednesday existing home sales increased 1.8 percent to an annual rate of 5.53 million...

  • London's office buildings may become a lot less crowded if the U.K. votes to exit the European Union in its referendum Thursday, a new survey found.

  • HONG KONG, June 18- China's home prices rose at a faster pace in May, supported by quicker growth in second-tier cities and a broader recovery in smaller cities. The recovery in China's property market since late last year has been a rare bright spot in the world's second-largest economy, which has been slowing amid weak demand at home and abroad, cooling...

  • *Indonesia seeks to boost tax revenue. JAKARTA, May 30- Indonesia's plan to track all credit card transactions in a bid to crack down on rampant tax evasion is pushing people back to cash, stifling government efforts to track illicit money flows. Erwin Karya, a Jakarta- based associate director with real estate agent Ray White, said clients were now starting to use...

  • WASHINGTON, May 26- Contracts to buy previously owned U.S. homes surged far more than expected in April to the highest level in more than a decade, another sign the economy has gained steam during the second quarter. The National Association of Realtors said on Thursday its pending home sales index, based on contracts signed last month, increased 5.1 percent to...

  • *Existing home sales rise 1.7 pct in April. WASHINGTON, May 20- U.S. home resales rose more than expected in April, suggesting the economy continues to gather pace during the second quarter. The National Association of Realtors said on Friday existing home sales increased 1.7 percent to an annual rate of 5.45 million units.

  • WASHINGTON, May 20- U.S. home resales rose more than expected in April, suggesting the economy continues to gather pace during the second quarter. The National Association of Realtors said on Friday existing home sales increased 1.7 percent to an annual rate of 5.45 million units. March's sales pace was revised slightly higher to 5.36 million units from the...

  • NEW YORK, May 12- New York City's economy showed signs of a potential slow down in the first quarter as private sector wages stagnated, commercial real estate leasing cooled and venture capital investment fell for the first time in four years. The New York metro economy is the biggest in the United States and larger than that of many countries.

  • One big headwind could send Hong Kong's stubbornly high prices down as much as 20 percent over the next two years, Goldman said.

  • In a statement, Homex said the SEC probe, shared in an April 25 notification, concerns its accounting practices around losses and gains from real estate sales from 2010 to 2012.. Homex said the SEC had sent similar notifications to some employees of the company, who would be taking a leave of absence in order to fully focus on responding to the probe.

  • Expedia last year embarked on an acquisition spree, buying vacation rental site HomeAway Inc for $3.9 billion, Orbitz Worldwide Inc for $1.3 billion and Travelocity for $280 million. Revenue rose about 39 percent to $1.90 billion, ahead of the average analyst estimate of $1.84 billion, according to Thomson Reuters I/B/E/S. Net loss attributable to the company...

  • LONDON, April 28- International investors have halted almost all their purchases of British commercial property ahead of the European Union membership referendum, a survey showed on Thursday, adding to signs that the vote is taking a toll on the economy. The Royal Institution of Chartered Surveyors said only five percent of its members reported increased...